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Skeena Resources Ltd T.SKE

Alternate Symbol(s):  SKE

Skeena Resources Limited is a precious metals developer that is focused on advancing the Eskay Creek Gold-Silver Project, a past producing mine located in the Golden Triangle in British Columbia, Canada. Eskay Creek represents one of the highest-grade and lowest cost open-pit precious metals mines in the world, with substantial silver by-product production. It also owns the past-producing Snip gold mine (Snip). In addition to Eskay Creek and Snip, the Company also owns several exploration stage mineral properties in the Golden Triangle and Liard Mining Division of British Columbia. Its 100%-owned Eskay Creek Project is a high-grade volcanogenic massive sulphide (VMS) deposit. The Snip mine consists of one mining lease and eight mineral claims totaling approximately 4,546 hectares (ha) in the Liard Mining Division. It has staked a 74,633-ha Hoodoo Project, located approximately 65 kilometers northwest of Eskay Creek. It also has interests in KSP property.


TSX:SKE - Post by User

Comment by AlwaysLong683on Nov 08, 2023 2:07am
102 Views
Post# 35722905

RE:Think the FED won't fold? Think again..

RE:Think the FED won't fold? Think again..The FED doesn't "fold". The FED calls the shots re. interest rates and makes its decisions. Sure, rates may eventually fall, but in the meantime, that old saying still applies: "Don't fight the FED". Those who were long on bonds since the beginning of 2023 have got whacked along with those who stayed invested in small cap companies with too much debt and not enough cash flow. If the FED wants to keep the Funds Rate at 5.25 - 5.50%, that's what's going to happen. There's a difference between what investors / institutions want the FED to do or spout what the FED should do, and what the FED actually does - that's why most smart people hang on Powell's every word during press conferences if interest rates are a concern for them because Powell has been saying since the start of 2023 that further interest rate hikes will likely be needed and presto, more hikes were indeed implemented. Nothing Zero Hedge (annoymous posters?) or any other pundit argues means a hill of beans if the FED thinks the opposite.


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